Power supply security in a carbon neutral Finland

Johannes Hyvönen*, Tero Koivunen, Sanna Syri

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

Abstract

Recent events in Europe have shown how important power supply security is for the functioning of modern society. At the same time, the increasing share of renewables makes the electricity supply in Europe more unpredictable and unreliable, and it is unclear how power supply security will be managed in the future. As such, this paper models the cost effectiveness of thermal power plants and battery storage as flexibility sources in a carbon neutral Finland in 2035. The modelled results indicate that 1.8 - 8.0 GW of dispatchable generation capacity will be needed to facilitate renewable growth by 2035, increasing with lesser reliance on electricity trading and demand response, as well as with the electrification of the heating sector. Moreover, large scale battery storage is shown to be an ineffective approach for flexibility compared to the use of thermal power plants, whereas the addition of nuclear SMR showcases the clearest advantages.

Original languageEnglish
Title of host publication2023 19th International Conference on the European Energy Market, EEM 2023
PublisherIEEE
ISBN (Electronic)979-8-3503-1258-4
DOIs
Publication statusPublished - 2023
MoE publication typeA4 Conference publication
EventInternational Conference on the European Energy Market - Lappeenranta, Finland
Duration: 6 Jun 20238 Jun 2023
Conference number: 19

Publication series

NameInternational Conference on the European Energy Market, EEM
Volume2023-June
ISSN (Print)2165-4077
ISSN (Electronic)2165-4093

Conference

ConferenceInternational Conference on the European Energy Market
Abbreviated titleEEM
Country/TerritoryFinland
CityLappeenranta
Period06/06/202308/06/2023

Keywords

  • carbon neutrality
  • demand flexibility
  • energy security
  • renewables
  • reserve power

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  • FinEst Twins: FinEst Twins

    Nieminen, M.

    01/12/201930/11/2026

    Project: EU: Framework programmes funding

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